Geode Capital Management LLC raised its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,629,439 shares of the company's stock after buying an additional 19,623 shares during the period. Geode Capital Management LLC owned about 2.61% of Willis Towers Watson Public worth $772,027,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Willis Towers Watson Public in the third quarter valued at about $27,000. American National Bank acquired a new stake in shares of Willis Towers Watson Public in the second quarter valued at approximately $36,000. Ashton Thomas Securities LLC purchased a new stake in Willis Towers Watson Public in the 3rd quarter valued at approximately $41,000. New Millennium Group LLC purchased a new stake in Willis Towers Watson Public during the 2nd quarter worth about $54,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 22.2% during the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company's stock worth $70,000 after buying an additional 43 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on WTW. Wells Fargo & Company upped their price objective on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. UBS Group upgraded Willis Towers Watson Public to a "hold" rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised their price target on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Raymond James upgraded Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Finally, Roth Mkm upped their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.80.
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Willis Towers Watson Public Price Performance
Shares of Willis Towers Watson Public stock traded down $1.47 on Thursday, hitting $308.37. The company had a trading volume of 481,180 shares, compared to its average volume of 506,911. Willis Towers Watson Public Limited has a 52 week low of $234.01 and a 52 week high of $334.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market cap of $31.06 billion, a PE ratio of -42.36, a PEG ratio of 1.81 and a beta of 0.74. The business has a 50-day simple moving average of $305.72 and a 200-day simple moving average of $285.05.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same period last year, the firm earned $2.24 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts expect that Willis Towers Watson Public Limited will post 16.75 EPS for the current fiscal year.
Willis Towers Watson Public Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, December 31st. Willis Towers Watson Public's payout ratio is -48.35%.
Willis Towers Watson Public Company Profile
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Free Report)
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.
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